VANCOUVER, BC, May 6, 2021 /PRNewswire/ -- Mogo
Inc. (NASDAQ: MOGO) (TSX: MOGO) ("Mogo" or the
"Company"), a leading digital payments and financial technology
company, today announced a new partnership to provide
MogoMembers with exclusive access to crypto and other equity
research from FSInsight LLC ("FSI"), a market-leading, independent
research firm that is a division of Fundstrat Global Advisors
("Fundstrat"). Fundstrat/FSI was founded by Thomas J. Lee, CFA—a top-ranked Wall Street
analyst with 30 years of research experience, the former Chief
Equity Strategist at global investment bank JPMorgan, and a
contributing editor with CNBC—and veteran Wall Street sales
executive John Bai. FSI provides
individuals with the same quality of research that banks and hedge
funds receive to make their investment decisions.
Under the agreement, Mogo will be the exclusive distributor
bringing FSI's research to Canada's retail investor market. Mogo will
make FSI research available to MogoMembers. The focus will be on
crypto research and related research products and services produced
by FSI, including free weekly and monthly crypto
briefings, access to exclusive interviews, and preferred access to
monthly and annual subscription-based crypto research available
through FSI. MogoMembers will also have access to exclusive
quarterly webinars with Tom Lee.
"Tom Lee and the team at FSI have
done an amazing job creating highly differentiated research on the
markets, as well as emerging areas like crypto, that we believe
will give our members valuable insights and analysis when making
investment decisions," said Greg
Feller, President and CFO of Mogo. "MogoCrypto has been a
strong growth area for the company, and the addition of FSI's
research to our platform is a significant value-add for members.
This fills an important gap in the market for high-quality research
in this emerging asset class."
"I am delighted to be partnering with Canadian fintech leader
Mogo. They are a great partner and have a large client base which
we expect will be able to leverage our data-driven and
evidence-based research, both for equity and crypto markets," said
Thomas Lee, Co-Founder and Head of
Research at Fundstrat.
"Working with a world class organization like Mogo will help us
extend our reach to new investors and make our work more widely
available to retail clients in Canada. This is an important partnership in
our strategy as we look to establish more arrangements with
other key market players around the world," added John Bai, co-founder and Head of Sales and
Business Development at Fundstrat.
David Feller, CEO of Mogo, added:
"After Mogo's recent expansion into the $4-trillion wealth space in Canada with the acquisition of Moka, and
plans to launch free stock trading, our goal is to not only have a
best-in-class product offering but best-in-class educational and
research content for our members, and we're thrilled to partner
with Tom Lee and his firm."
FSI research will be available to Mogo members beginning
May 2021.
About FSInsight
FSInsight, wholly owned by Fundstrat, is a market-leading,
independent research firm. They are experts in U.S. macro market
strategy and have leveraged those fundamental insights to become
leading pioneers of digital assets and blockchain research. They
serve a broad array of clients around the world, including
internationally recognized multitrillion dollar asset managers,
hedge funds and private banks, representing some 80% of globally
managed equity assets. FSInsight was co-founded by Thomas J. Lee, a top-ranked Wall Street analyst
with some 30 years of research experience, and the former Chief
Equity Strategist at global investment bank JPMorgan. He is also a
regular guest on major financial news networks including CNBC,
Bloomberg and Fox Business News, and has been quoted extensively in
the financial press. Tom Lee is also
head of overall strategy for crypto-currencies. He's widely
followed by institutional and individual investors, as well as the
media. FSInsight's work is often cited in social media, traditional
media channels and on television/cable networks.
About Mogo
Mogo is empowering its more than one
million members with simple digital solutions to help them get in
control of their financial health. Through the Mogo app, consumers
can access a digital spending account with Mogo Visa* Platinum
Prepaid Card featuring automatic carbon offsetting, easily buy and
sell bitcoin, and get free monthly credit score monitoring, ID
fraud protection, and personal loans. Mogo's wholly-owned
subsidiary, Carta Worldwide, also offers a digital payments
platform that powers the next-generation card programs from
innovative fintech companies in Europe, North
America and APAC. To learn more, please visit
mogo.ca or download the mobile app (iOS or Android).
Forward-Looking Statements
This news release may
contain "forward-looking statements" within the meaning of
applicable securities legislation, including statements regarding
Mogo's expansion into the wealth market and the acquisition of
Moka. Forward-looking statements are necessarily based upon a
number of estimates and assumptions that, while considered
reasonable by management at the time of preparation, are inherently
subject to significant business, economic and competitive
uncertainties and contingencies, and may prove to be incorrect.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause actual financial
results, performance or achievements to be materially different
from the estimated future results, performance or achievements
expressed or implied by those forward-looking statements and the
forward-looking statements are not guarantees of future
performance. Mogo's growth, its ability to expand into new products
and markets and its expectations for its future financial
performance are subject to a number of conditions, many of which
are outside of Mogo's control. For a description of the risks
associated with Mogo's business please refer to the "Risk Factors"
section of Mogo's current annual information form, which is
available at www.sedar.com and www.sec.gov. Except as required by
law, Mogo disclaims any obligation to update or revise any
forward-looking statements, whether as a result of new information,
events or otherwise.
For further information:
Craig Armitage
Investor Relations
craiga@mogo.ca
(416) 347-8954
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SOURCE Fundstrat Global Advisors